Daily Archives: December 17, 2019 (11 Articles Found)

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Tweaking ABSD timeline and pro-rating penalties can help contain rising housing prices

While extending the five-year ABSD timeline would ease the current supply glut, the greater concern is rising home prices. Given a choice, many developers would prefer to sell at a lower price, ensuring a comfortable sell-out rather than…

Letting developers carve leasehold properties out of freehold land is against public interest

MTI Minister Chan Chun Sing recently mentioned that Singapore should be careful not to let private developers’ interest override that of the wider public interest (Chan draws lessons for Singapore from HK situation, Nov 19). He added that…

99.co Property Outlook 2020: The great supply glut

1) A supply glut stemming from 2017’s en-bloc fever – There’s a supply glut of about 32,000 private homes in the market. But while this will apply downward pressure on property prices, we don’t foresee any price drops;…

Target Media wins HDB tender to install digital display screens in lifts, lobbies next year

A tender to install, operate and manage 6,000 digital displays screens in lifts and lobbies in HDB blocks has been won by Target Media Culcreative (TMCC). The panels will be built by June 2020 and allow more residents…

New markings on footpaths to help e-scooter riders distinguish between lanes: LTA

Additional markings are being made on footpaths to help e-scooter riders distinguish between lanes. These markings have already been drawn on paths in Jurong and Sembawang and will be progressively expanded to other cycling towns, LTA said in…

Cycling network expansion could be sped up by ‘a couple of years’ to offset e-scooter footpath ban: Lam Pin Min

A big expansion of Singapore’s cycling path network could be brought forward by “a couple of years” to give e-scooter riders more places to ride after they were banned from footpaths, Senior Minister of State for Transport Lam…

HDB lease top-up proposal has drawbacks: Observers

A policy proposal for a one-time automatic lease top-up for ageing HDB flats may immediately tackle the issue of declining value once the leases of these flats are up, but it comes with long-term drawbacks, observers said. Topping…

Commercial kitchens turn to CCTVs to ensure food safety

SFA is considering new rules to tackle food hygiene and safety as the latest statistics showed a 73 per cent jump in the number of food poisoning cases last year. It said that as part of its review,…

StarHub, NUS to pilot 5G virtual-reality and AI solutions

StarHub and NUS on Fri said they have teamed up to pilot VR and AI solutions in a net-zero energy building. They will use 5G technologies to design and test advanced VR and AI solutions. They will also…

CGS-CIMB retains ‘overweight’ stance on property sector as sales volume rallies

CGS-CIMB is keeping the Singapore property sector at “overweight” on the back of a 23% month-on-month increase in home sales recorded in Nov. In a flash note on Mon, the brokerage notes that Nov was an “active month”…

Yanlord has change of mind; says it plans to delist United Engineers

Yanlord Land Group said it will delist United Engineers (UEL) should its free float fall below the listing threshold. This comes after Yanlord had acquired more than 80% of UEL’s ordinary shares since making its buyout offer in…

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